Russia and China launch gas pipeline

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk.

Merkel Says Russian Trade Impact Limited as Industry Backs Curbs

Chancellor Angela Merkel won industry support as she stepped up her threat of sanctions against Russia, saying that Germany could withstand the economic impact of any measures taken.

Oil demand to rise as global economy recovers, energy watchdog says

Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the United States reaches record highs, the west's energy watchdog said on Tuesday.

World powers and Iran pause nuclear talks for Christmas

(Reuters) - Six world powers and Iran have suspended their expert-level talks on implementing a landmark nuclear deal until after Christmas, a spokeswoman for European Union foreign policy chief Catherine Ashton said on Sunday.

Iran Nuclear Talks Mired in Details of Enrichment, Arak

Foreign ministers met in Geneva on the fourth day of negotiations over Iran’s nuclear program, which remain mired in the same implacable issues that have prevented the signing of an accord in two previous rounds.

Oil above $103 amid signs China economy improving

SINGAPORE (AP) — Oil prices rose slightly above $103 a barrel Monday in Asia amid signs China's economic growth remains strong.

Obama Has ‘Israel’s Back’ Preventing Iran Nuke

President Barack Obama said the U.S. won’t hesitate to use military force to stop Iran from developing a nuclear weapon, while asserting there is still time for diplomacy and sanctions to work.

Gas prices are highest ever for this time of year

NEW YORK (AP) — Gasoline prices have never been higher this time of the year.